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Room for Numerous Prime Services Models in FX Louisa Kwok, head of prime of prime sales and products at ADS Securities London, explains to Profit & Loss deputy editor, Galen Stops, why there’s room for numerous different prime services models in the FX market. With many of the traditional FX prime brokers (PBs) being increasingly selective about who they will offer their services to, this has created a gap in the market that many firms appear eager to fill. Subsequently, numerous prime services offerings are being touted to market participants under the banner of prime-of-prime.
FX Regulation: What Traders Need to Know As 2016 comes to a close the regulatory agenda shows no signs of slowing. While the FX market itself has largely not been directly addressed by new regulations, it has been swept up in many of the broader OTC market reforms. March 1 will mark the implementation of the variation margin requirements for non-cleared derivatives, meaning that thousands of counterparties – including asset managers, pension funds, insurance companies and hedge funds – will need to change their existing collateral support agreements, or set up new ones, before this date.
Buy Side View: Risk Managing in Extreme Market Conditions Richard Preschern, CEO of Robosig and Co-Founder at FX Vision, talks to Profit & Loss deputy editor, Galen Stops, about the lessons he’s learnt from recent risk events. Speaking about the volatility following the Swiss National Banks’ decision to pull its peg to the euro, Preschern comments: “What you understand is that the execution that you get during these events is nothing to do with what you model because the market is simply not there. “So what you have to do in terms of risk management is look at your extreme points in terms of exposure because you just don’t know that you’re going to be able to get out, which is what causes a lot of wreckage in the market.”

11:48 September 22nd 2016 in Media, Podcasts

In the FICC of It – Chicago Edition

With less than one week to go before Forex Network Chicago, Profit & Loss has produced this podcast to preview the panel sessions on Day One. Listen to P&L’s managing editor, Colin Lambert, and deputy editor, Galen Stops, as ...

11:50 May 5th 2016 in Media, Podcasts

In The FICC Of It

This is the inaugural edition of Profit & Loss’ In the FICC Of It, a new podcast series that seeks to cast an eye on the news of the week and highlight some issues for further analysis. This week, P&L’...
FX Post-Trade: Ripping Off the Band-Aid FX Post-Trade: Ripping Off the Band-Aid A Profit & Loss Audio Webinar in association with Markit Tuesday, March 8 2016 3.00pm GMT/ 10.00am EST For years market participants have been implementing a patchwork of solutions to help them cope with the increasing complexity ...
The Legacy of FEMR

11:18 June 18th 2015 in Media, Webinar

The Legacy of FEMR

The Fair and Effective Markets Review may be a landmark event in FX markets as for the first time a regulatory body has joined the debate over practices such as internalisation and last look.So what does FEMR say on ...
The FX Crisis: Dealing with Human Risk and Restoring Trust within the FX Market In association with Digital Reasoning Systems.As the financial services industry looks to recover from the recent FX crisis and restore trust within the FX markets, banking executives are under pressure to fully understand the risks inherent within their organization....
Chaos in the FX Market: What does the CHF Story mean for the industry? What are the long term implications of the chaos caused by the Swiss Central Bank’s decision to pull its three-year old EUR/CHF floor?If central banks are supposed to support orderly markets, the SNB’s decision caused the ...